Mitsubishi, MUFG and Standard Chartered in payments pilot over RippleNet
First time for a Japanese company to conduct cross-border payments over RippleNet.
settlement
Canada’s equity settlement blockchain project reaches viability
Payments Canada, Bank of Canada, TMX Group, Accenture and R3 all involved.
Bank for International Settlements issues analytical framework on DLT
The committee on payments and market infrastructures at the Bank for International Settlements (BIS), an international financial institution owned by central banks, has issued an analytical framework on distributed ledger technology (DLT) in payment, clearing and settlement.
Deutsche Bundesbank and Deutsche Börse unveil blockchain prototype
Germany’s central bank Deutsche Bundesbank and Deutsche Börse have unveiled a functional prototype for the blockchain technology-based settlement of securities. It is, however, “purely a conceptual study” and “is far from being market-ready”.
US to move to shorter T+2 settlement cycle by September 2017
Make a note, 5th September 2017 has been unveiled as the industry target for the US to move from a T+3 to a T+2 settlement cycle. The decision on this has been reached by the US T+2 Industry Steering Committee (T+2 ISC), organised by The Depository Trust and Clearing Corporation (DTCC) and co-chaired by the […]
European T+2 migration obliges post-trade reform says Fidessa
Shortening settlement cycles and increased regulatory oversight are pushing financial institutions to reform their post-trade processes. That can only be a good thing, according to a new whitepaper from trading technology specialist Fidessa.
DTCC and Euroclear target collateral shortfall
US post-trade services company the DTCC and Belgian settlement specialist Euroclear are planning to create a joint service that aims to provide better, safer collateral management for market participants.
Moscow Exchange adopts T+2 settlement
Russia’s Moscow Exchange has begun its migration to T+2 settlement, marking a significant milestone in the exchange’s efforts to attract international investors.
